sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)(1)
Luby's, Inc.
------------
(Name of Issuer)
Common Stock, Par Value $0.32
-----------------------------
(Title of Class of Securities)
549282101
---------
(CUSIP Number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 15, 2007
----------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box / /.
NOTE. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. SEE Rule 13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 22 Pages)
----------------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, SEE the
NOTES).
---------------------- ----------------------
CUSIP No. 549282101 13D Page 2 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PARCHE, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 298,320
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
298,320
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
298,320
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 549282101 13D Page 3 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,566,180
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,566,180
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,566,180
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 549282101 13D Page 4 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RCG STARBOARD ADVISORS, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,864,500
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,864,500
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,864,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 549282101 13D Page 5 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAMIUS CAPITAL GROUP, L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,864,500
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,864,500
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,864,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 549282101 13D Page 6 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
C4S & CO., L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,864,500
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,864,500
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,864,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 549282101 13D Page 7 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PETER A. COHEN
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,864,500
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,864,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,864,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 549282101 13D Page 8 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MORGAN B. STARK
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,864,500
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,864,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,864,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 549282101 13D Page 9 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
JEFFREY M. SOLOMON
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,864,500
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,864,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,864,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 549282101 13D Page 10 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
THOMAS W. STRAUSS
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,864,500
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,864,500
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,864,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 549282101 13D Page 11 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STEPHEN FARRAR
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 - **
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 - **
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
- 0 - **
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% **
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
**See Item 5.
---------------------- ----------------------
CUSIP No. 549282101 13D Page 12 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MATTHEW Q. PANNEK
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
XXX
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 - **
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 - **
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
- 0 - **
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% **
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
**See Item 5.
---------------------- ----------------------
CUSIP No. 549282101 13D Page 13 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WILLIAM J. FOX
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 - **
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 - **
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
- 0 - **
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% **
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
**See Item 5.
---------------------- ----------------------
CUSIP No. 549282101 13D Page 14 of 22 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BRION G. GRUBE
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 - **
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 - **
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
- 0 - **
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% **
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
**See Item 5.
---------------------- ----------------------
CUSIP No. 549282101 13D Page 15 of 22 Pages
---------------------- ----------------------
The following constitutes Amendment No. 1 ("Amendment No. 1") to
the Schedule 13D filed by the undersigned. This Amendment No. 1 amends the
Schedule 13D as specifically set forth.
Item 2 is hereby amended to add the following:
Stephen Farrar, Matthew Q. Pannek, William J. Fox and Brion G. Grube
are hereby added as Reporting Persons to the Schedule 13D (together, with the
original Reporting Persons, the "Ramius Group").
Stephen Farrar ("Mr. Farrar") is a nominee for the Board of
Directors of the Issuer and his principal occupation is serving as a consultant.
The principal business address of Mr. Farrar is P.O. Box 6554, Stateline, Nevada
89449. Mr. Farrar is a citizen of the United States of America.
Matthew Q. Pannek ("Mr. Pannek") is a nominee for the Board of
Directors of the Issuer and his principal occupation is serving as a consultant.
The principal business address of Mr. Pannek is 3140 La Ventana Parkway,
Driftwood, Texas 78619. Mr. Pannek is a citizen of the United States of America.
William J. Fox ("Mr. Fox") is a nominee for the Board of Directors
of the Issuer and his principal occupation is serving as a business advisor and
strategy consultant. The principal business address of Mr. Fox is P.O. Box 893,
Alpine N.J. 07620. Mr. Fox is a citizen of the United States of America.
Brion G. Grube ("Mr. Grube") is a nominee for the Board of Directors
of the Issuer and he is currently retired. The principal business address of Mr.
Grube is 5078 Via Santana, Newbury Park, CA 91320. Mr. Grube is a citizen of the
United States of America.
No Reporting Person has, during the last five years, been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
No Reporting Person has, during the last five years, been party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
Item 3 is hereby amended to add the following:
The Shares purchased by Starboard and Parche were purchased with the
working capital of such entities (which may, at any given time, include margin
loans made by brokerage firms in the ordinary course of business) in open market
purchases, as set forth in Schedule A, which is incorporated by reference
herein. The aggregate purchase cost of the 1,864,500 Shares beneficially owned
in the aggregate by all of the Reporting Persons is approximately
$18,148,165.00, excluding brokerage commissions.
Item 4 is hereby amended to add the following:
---------------------- ----------------------
CUSIP No. 549282101 13D Page 16 of 22 Pages
---------------------- ----------------------
The Ramius Group is seeking representation on the Issuer's Board of
Directors (the "Board"). Starboard delivered a letter to the Issuer on October
15, 2007 (the "Nomination Letter") nominating Messrs. Farrar, Pannek, Fox and
Grube, as set forth therein, for election to the Board at the Issuer's 2008
annual meeting of shareholders (the "2008 Annual Meeting"). A copy of the press
release issued by Starboard on October 17, 2007 announcing the delivery of the
Nomination Letter is attached hereto as Exhibit 99.1 and is incorporated herein
by reference.
Item 5 is hereby amended and restated as follows:
The aggregate percentage of Shares reported owned by each person
named herein is based upon 26,153,799 Shares outstanding, as of June 11, 2007,
which is the total number of Shares outstanding as reported in the Issuer's
Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission
on June 15, 2007.
A. Parche
(a) As of the date of this filing, Parche beneficially owns 298,320
Shares.
Percentage: 1.1% as of the date hereof.
(b) 1. Sole power to vote or direct vote: 298,320
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 298,320
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Parche during the past 60 days
are set forth in Schedule A and are incorporated by reference.
All transactions were effected in the open market, except as
otherwise noted.
B. Starboard
(a) As of the date of this filing, Starboard beneficially owns
1,566,180 Shares.
Percentage: 6.0% as of the date hereof.
(b) 1. Sole power to vote or direct vote: 1,566,180
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,566,180
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Starboard during the past 60
days are set forth in Schedule A and are incorporated by
reference. All transactions were effected in the open market,
except as otherwise noted.
C. RCG Starboard Advisors
(a) As of the date of this filing, as managing member of Parche and
the investment manager of Starboard, RCG Starboard Advisors may
be deemed the beneficial owner of (i) 298,320 Shares owned by
Parche and (ii) 1,566,180 Shares owned by Starboard.
---------------------- ----------------------
CUSIP No. 549282101 13D Page 17 of 22 Pages
---------------------- ----------------------
Percentage: 7.1% as of the date hereof.
(b) 1. Sole power to vote or direct vote: 1,864,500
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,864,500
4. Shared power to dispose or direct the disposition: 0
(c) RCG Starboard Advisors did not enter into any transactions in the
Shares during the past 60 days. The transactions in the Shares
during the past 60 days on behalf of Parche and Starboard are set
forth in Schedule A and are incorporated by reference. All
transactions were effected in the open market, except as
otherwise noted.
D. Ramius Capital
(a) As of the date of this filing, as the sole member of RCG
Starboard Advisors Ramius Capital may be deemed the beneficial
owner of (i) 298,320 Shares owned by Parche and (ii) 1,566,180
Shares owned by Starboard.
Percentage: 7.1% as of the date hereof.
(b) 1. Sole power to vote or direct vote: 1,864,500
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,864,500
4. Shared power to dispose or direct the disposition: 0
(c) Ramius Capital did not enter into any transactions in the Shares
during the past 60 days. The transactions in the Shares during
the past 60 days on behalf of Parche and Starboard are set forth
in Schedule A and are incorporated by reference. All
transactions were effected in the open market, except as
otherwise noted.
E. C4S
(a) As of the date of this filing, as the managing member of Ramius
Capital, C4S may be deemed the beneficial owner of (i) 298,320
Shares owned by Parche and (ii) 1,566,180 Shares owned by
Starboard.
Percentage: 7.1% as of the date hereof.
(b) 1. Sole power to vote or direct vote: 1,864,500
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,864,500
4. Shared power to dispose or direct the disposition: 0
(c) C4S did not enter into any transactions in the Shares during the
past 60 days. The transactions in the Shares during the past 60
days on behalf of Parche and Starboard are set forth in Schedule
A and are incorporated by reference. All transactions were
effected in the open market, except as otherwise noted.
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CUSIP No. 549282101 13D Page 18 of 22 Pages
---------------------- ----------------------
F. Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon
(a) As of the date of this filing, as the managing members of C4S,
each of Mr. Cohen, Mr. Stark, Mr. Strauss and Mr. Solomon may be
deemed the beneficial owner of (i) 298,320 Shares owned by Parche
and (ii) 1,566,180 Shares owned by Starboard.
Percentage: 7.1% as of the date hereof.
(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,864,500
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,864,500
(c) None of Mr. Cohen, Mr. Stark, Mr. Strauss or Mr. Solomon has
entered into any transactions in the Shares during the past 60
days. The transactions in the Shares during the past 60 days on
behalf of Parche and Starboard are set forth in Schedule A and
are incorporated by reference. All transactions were effected in
the open market, except as otherwise noted.
G. None of Messrs. Farrar, Pannek, Fox and Grube directly owns any Shares
nor have they entered into any transactions in the Shares during the
past 60 days. Each of Messrs. Farrar, Pannek, Fox and Grube, by virtue
of his status as a director nominee of Starboard, may be deemed to
beneficially own the 298,320 Shares owned by Parche and the 1,566,180
Shares owned by Starboard. Each of Messrs. Farrar, Pannek, Fox and
Grube disclaims beneficial ownership of such Shares. The transactions
in the Shares during the past 60 days on behalf of Parche and Starboard
are set forth in Schedule A and are incorporated by reference. All
transactions were effected in the open market, except as otherwise
noted.
(d) No person other than the Reporting Persons is known to have the
right to receive, or the power to direct the receipt of dividends
from, or proceeds from the sale of, such shares of the Common
Stock.
(e) Not applicable.
Item 6 is hereby amended to add the following:
On October 17, 2007, the Reporting Persons entered into a Joint
Filing and Solicitation Agreement in which, among other things, (a) the parties
agreed to the joint filing on behalf of each of them of statements on Schedule
13D with respect to the securities of the Issuer to the extent required under
applicable securities laws, (b) the parties agreed to form the group for the
purpose of soliciting proxies or written consents for the election of the
persons nominated by Starboard to the Issuer's Board at the 2008 Annual Meeting
and for the purpose of taking all other actions incidental to the foregoing and
(c) Starboard shall have the right to pre-approve all expenses incurred in
connection with the group's activities and agreed to pay directly all such
pre-approved expenses on a pro rata basis between Starboard and Parche based on
the number of Shares in the aggregate held by each of Starboard and Parche on
---------------------- ----------------------
CUSIP No. 549282101 13D Page 19 of 22 Pages
---------------------- ----------------------
the date hereof. A copy of this agreement is attached hereto as Exhibit 99.2 and
is incorporated herein by reference.
Pursuant to letter agreements, Starboard and Parche have agreed to
indemnify each of Messrs. Farrar, Pannek, Fox and Grube against claims arising
from the solicitation of proxies from the Issuer's shareholders at the 2008
Annual Meeting and any related transactions. A form of the letter agreement is
attached hereto as Exhibit 99.3 and is incorporated herein by reference.
RCG Starboard Advisors has agreed to compensate each of Messrs. Farrar,
Pannek, Fox and Grube for being named as and serving as a nominees for election
as directors of the Issuer pursuant to letter agreements (the "Compensation
Letter Agreements"). Pursuant to the terms of the Compensation Letter
Agreements, RCG Starboard Advisors has agreed to pay each such nominee $5,000 in
cash upon the submission of the Nomination Letter by Starboard to the Company.
Upon the filing of a definitive proxy statement with the Securities and Exchange
Commission relating to a solicitation of proxies in favor of each such nominee's
election as a director at the 2008 Annual Meeting, RCG Starboard Advisors has
agreed to allow each such nominee to receive a profit participation with respect
to the sale by RCG Starboard Advisors or its affiliates, as the case may be, of
the last $20,000 worth of Shares (the "Participation Shares") beneficially owned
by either RCG Starboard Advisors or its affiliates, as the case may be, to a
third party unaffiliated with any member of the Ramius Group. Pursuant to the
terms of the Compensation Letter Agreements, each such nominee will be entitled
to receive a cash payment equal to the amount, if any, by which the proceeds
received by RCG Starboard Advisors or its affiliates, as the case may be, from
the sale of the Participation Shares exceeds $20,000 in the aggregate. A form of
the Compensation Letter Agreement is attached hereto as Exhibit 99.4 and is
incorporated herein by reference.
Item 7 is hereby amended to include the following exhibits:
Exhibit 99.1. Press release, dated October 17, 2007, announcing the
delivery by Starboard of the Nomination Letter to the
Issuer.
Exhibit 99.2. Joint Filing Agreement and Solicitation Agreement by
and among Parche, Starboard RCG Starboard Advisors,
Ramius Capital, C4S, Mr. Cohen, Mr. Solomon, Mr.
Stark, Mr. Strauss, Mr. Farrar, Mr. Pannek, Mr. Fox
and Mr. Grube, dated October 17, 2007.
Exhibit 99.3. Form of Indemnification Letter Agreement.
Exhibit 99.4. Form of Compensation Letter Agreement.
Exhibit 99.5. Power of Attorney for Stephen Farrar.
Exhibit 99.6. Power of Attorney for Matthew Q. Pannek.
Exhibit 99.7. Power of Attorney for William J. Fox.
Exhibit 99.8. Power of Attorney for Brion G. Grube.
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CUSIP No. 549282101 13D Page 20 of 22 Pages
---------------------- ----------------------
SIGNATURES
----------
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: October 17, 2007
PARCHE, LLC RCG STARBOARD ADVISORS, LLC
By: RCG Starboard Advisors, LLC, By: Ramius Capital Group, L.L.C.,
its managing member its sole member
STARBOARD VALUE AND OPPORTUNITY RAMIUS CAPITAL GROUP, L.L.C.
MASTER FUND LTD. By: C4S & Co., L.L.C.,
By: RCG Starboard Advisors, LLC, as managing member
its investment manager
C4S & CO., L.L.C.
By: /s/ Jeffrey M. Solomon
---------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
/s/ Jeffrey M. Solomon
---------------------------
JEFFREY M. SOLOMON
As attorney-in-fact for Peter A.
Cohen, Morgan B. Stark and Thomas W.
Strauss
/s/ Jeffrey C. Smith
---------------------------
JEFFREY C. SMITH
As attorney-in-fact for Stephen Farrar,
Matthew Q. Pannek, William J. Fox and
Brion G. Grube
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CUSIP No. 549282101 13D Page 21 of 22 Pages
---------------------- ----------------------
SCHEDULE A
----------
Transactions in the Shares During the Past 60 Days
--------------------------------------------------
Shares of Common Stock Price Per Date of
Purchased / (Sold) Share($) Purchase / Sale
------------------ -------- ---------------
PARCHE, LLC
-----------
27,120 10.0024 08/17/07
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
------------------------------------------------
142,380 10.0024 08/17/07
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CUSIP No. 549282101 13D Page 22 of 22 Pages
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EXHIBIT INDEX
-------------
Exhibit Exhibit Number
------- --------------
Press release, dated October 17, 2007, announcing 99.1
the delivery by Starboard Value and Opportunity
Master Fund Ltd. of the Nomination Letter to the
Issuer.
Joint Filing and Solicitation Agreement by and 99.2
among Starboard Value and Opportunity Master Fund
Ltd., Parche, LLC, RCG Starboard Advisors, LLC,
Ramius Capital Group, L.L.C., C4S & Co., L.L.C.,
Peter A. Cohen, Morgan B. Stark, Thomas W.
Strauss, Jeffrey M. Solomon, Stephen Farrar,
Matthew Q. Pannek, William J. Fox and Brion G.
Grube, dated October 17, 2007.
Form of Indemnification Letter Agreement. 99.3
Form of Compensation Letter Agreement. 99.4
Power of Attorney for Stephen Farrar. 99.5
Power of Attorney for Matthew Q. Pannek. 99.6
Power of Attorney for William J. Fox. 99.7
Power of Attorney for Brion G. Grube. 99.8